Friend, it's only been two months since President Biden signed the Inflation Reduction Act into law—but it's already a game-changer in so many ways.

What do battery, tech, clean infrastructure, and automotive companies have in common? They're all bringing jobs back to the U.S. because of the Inflation Reduction Act.

In order to qualify for the IRA's electric vehicle tax credit, Kia, Hyundai, Honda, Toyota, GM, BMW, and more are moving the final stages of their vehicle production lines to the U.S. They're joined by a multitude of other industries.

That sets the U.S. up as a global leader in the transition toward a clean economy—not to mention more jobs, competitive wages, and more investment right here at home.

• $3.1 billion for farm loan relief, including to help farmers hit by climate-driven natural disasters.
  
  
• $27 billion for a green bank to fund local communities' energy efficiency programs, community solar programs, and other pollution-reducing initiatives.
  
  
• Direct subsidies to lower costs for electric car and battery manufacturers, plus a $7,500 electric vehicle tax credit for consumers.
  
  
• Incentives for a new lithium-ion battery recycling facility to ensure a sustainable future for electric vehicles.
  
  
• Long-term certainty and a "new era" for the solar industry, which is now projected to triple by 2027.
  
  
• Incentives for pollution-free hydrogen vehicles, leading to a $200 million industrial investment in South Carolina.

And remember—we're just getting started.

Onward,

Jamal Raad
Executive Director, Evergreen Action